Newmark Appointed to Lead Sale of Two Office Properties in Hong Kong

Assignments encompass approximately 54,000 square feet of office space combined across Kowloon Bay and Tsim Sha Tsui East

HONG KONG, Nov. 13, 2026 /PRNewswire/ -- Newmark announces that it has been appointed to lead the sale of two Hong Kong office properties: Enterprise Square Three in Kowloon Bay and South Seas Centre in Tsim Sha Tsui East. The properties comprise approximately 54,000 square feet of office space across two established commercial districts. Newmark Managing Director Terry Shum is leading the marketing efforts, working closely with Head of Capital Markets John Davies and Associate Director Cole Pamuk.

"These appointments highlight the range of investment opportunities available across Hong Kong's office market," said Shum. "Enterprise Square Three offers flexibility for investors and owner-occupiers, while South Seas Centre provides an opportunity to acquire an income-producing asset in an established commercial district. Both properties offer distinct advantages for buyers with different investment objectives."

Located at 39 Wang Chiu Road in Kowloon Bay, the Enterprise Square Three offering comprises approximately 48,300 square feet across the 36th, 37th and 38th floors of the 40-storey Grade A office building. Completed in 2004, the property is near MegaBox and approximately a 10-minute walk from Kowloon Bay MTR Station. The offering provides flexibility for prospective buyers, including the potential for a leaseback arrangement on the 36th and 37th floors or vacant possession for owner-occupiers.

The second appointment encompasses Units 01 and 13 on the second floor of Tower 2 at South Seas Centre, located at 75 Mody Road in Tsim Sha Tsui East. The approximately 5,529-square-foot office property is being offered for sale with an existing tenancy and features fountain square views. The property is within a five-minute walk of East Tsim Sha Tsui MTR Station and benefits from proximity to restaurants, hotels and other commercial amenities.

Investment sentiment in Hong Kong strengthened in 3Q26 as transaction volume surged by 89% quarter-over-quarter to HK$19.1 billion. This brought the year-to-date total to HK$44.1 billion, up 98% year-over-year and already exceeded the full-year 2025 total of HK$43.9 billion. Big-ticket transactions supported growth in the quarter with four deals of over HK$1 billion recorded, accounting for more than half of the quarter's volume. Attractive pricing continued to draw interest from office occupiers to acquire premises for their own use.

In the Hong Kong's office market, the banking, finance and insurance sectors have been the main catalyst for strong demand. They face fierce competition to secure Grade A office space for expansion and relocation. This led vacancy rates year-to-date to not only fall in core districts but spilled over to decentralized submarkets. In Kowloon East, the average vacancy rate fell by 2.9% year-to-date and is expected to further tighten with only 740,000 square feet net floor area of new supply expected to be completed over the next six years.

About Newmark

Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leading commercial real estate advisor and service provider to large institutional investors and other owners, global corporations and other occupiers, and lenders. Built with purpose and driven by excellence, Newmark's comprehensive platform is uniquely tailored to provide superior outcomes to clients. For the twelve months ended September 30, 2026, Newmark generated revenues of over $3.7 billion. As of September 30, 2026, Newmark and its business partners together operated from approximately 200 offices with 10,500 professionals across four continents. Learn more at nmrk.com or follow @newmark.

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SOURCE Newmark